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Essay question- What is meant by creative accounting? Using examples, please sta

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Essay question- What is meant by creative accounting? Using examples, please state
where you might expect to see creative accounting within the financial
statements. Please as part of your answer offer a critical debate on why
accounting standards provide some level of choice in how they present
some elements within the financial statements given this discretion can
lead to creative accounting. In your answer, also consider why accounting
standard setters are willing to forgo some of the qualitative characteristic
of comparability to achieve increased levels of faithful representation for
the users of financial statements.
Lecture slides to use are attached.
Use in text citations.

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